FORMER AMERICAN BANDSTAND PROPERTY PIGEON FORGE, TN

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 21476790
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 112,620 SF
Gross Building Area: See Agent
Gross Land Area: 41 Acres
Sale Price: $7,595,000
Unit Price: $67.44 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 5/24/2018

Overview / Comments

Bank owned property. A unique redevelopment opportunity in Pigeon Forge, TN. Just off the Parkway, the building sits on approx. 40+ acres. The gateway to The Great Smoky Mtns. National Park, the area attracts over 12 million visitors a year. Pigeon Forge is one of the most popular family destinations in the country and is within a one day drive for two-thirds of the population of the United States. Pigeon Forge is home to Dollywood, multiple theaters, amusements, shopping (including Tanger Outlets) and restaurants. The area has over 60,000 hotel rooms and overnite rentals.

The five story retail structure was originally built in 2003-2004 for use as a retail and entertainment destination for Boyd's Bear Country. Most recently, the facility was used for a Dick Clark's American Bandstand concert venue, museum, retail outlet and restaurant. The five story building consists of three floors of retail space, one floor of administration and storage and the bottom daylight floor features a full service kitchen and dining facility.

The property is ideal for a redevelopment of the existing structure with additional opportunities for condominiums, cabins, hospitality or theme oriented entertainment. Zoning allows for multiple uses.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Zoning: C-2 (TOURIST COMMERCIAL)
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Good
Year Built: 2004
Year Renovated: 2007
Total Parking Spaces: 800
Parking Type: Surface
Zoning Description: C-2 (Tourist Commercial)

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,541 29,391
Median Age: 40.99 41.23
Households: 3,741 11,655

Contact

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